$1,349,000
2 Bed Waterfront Home for Sale in Captiva
640 Gulf Lane 4, Captiva, FL, 33924
About this home
MOTIVATED SELLER BRING YOUR OFFERS! PRIME ISLAND OFFERING! EXQUISITE PRIME ISLAND BEACH FRONT REMODELED TOWNHOME “OCEAN WAVES”! Boat Slip with Covered Lift for sale additional with this home purchase. 26FT Maximum Boat Size and 10,000 LB Covered Boat Lift please inquire! FANTASTIC VACATION RENTAL or GULF FRONT HOME! This High End, Newly Remodeled, Gulf Front AND Beach Front Townhouse makes up one half of this Duplex Property. This Turnkey Villa offers Two Main Owner Suites and Two Full Baths. It has undergone Gorgeous and Extensive Renovations and offers Breath Taking Views of the Gulf of Mexico from its Deck, Porches, and Balcony! Aside from the Elegant Brand Open New Kitchen with Huge Breakfast Bar, Upscale Baths, Appliances, Flooring, Electrical, Fixtures, Fans, Finish Carpentry, Paint, Electric Fireplace, and Turnkey Furnishings, this Amazing Property has a Brand New Metal Roof, Hardie Board Siding, Impact Windows and Doors, New Whole House Reverse Osmosis Water System, Railings, Stairs, and more. This Turnkey Furnished Villa has Fantastic Rental History and Potential gearing up for a busy Florida Winter Season. Located directly on the Wide Butterfly Beach on the Barrier Island of North Captiva with Private Beach Access. The property's Shoreline provides an Abundance of the Finest and Most Beautiful Shells and its' Gulf Waters offers World Class Fishing! The Islands State Nature Preserve is also only Steps Away. The Islands Sea and Wildlife are magnificent to Enjoy! An Island Club at North Captiva Memberships is available please inquire to enjoy their Pools, Spa, Kayaks, Fat Tire Bikes, Basketball, Activities and Island Services etc. Professional Licensed Property Mgmt with Upcoming Rentals is already in place should you choose to Enjoy Your Townhomes and/or Value its’ Rental Income! This is a Must See Property Located Directly on the Beach. Tropical and Lush, this Duplex sits in a Spectacular Location on Island. *The Entire Duplex is also currently for available for sale. Ask Agents about Unit 3! Rare is this Unparalleled Opportunity to Own an Entire Gulf Front and Beach Front Luxury Duplex in a Spectacular Location on Butterfly Beach!
Property details
- Type
- Attached
- Year built
- 1986
- Interior
- 1,124 sqft
- Lot size
- 1,742.4 sqft
- Acreage
- 0.04 acres
- Garage
- None
- Days on market
- 159
- Total association fees
- $13,000/yr (~$1,083/mo)
- CDD
- None
- Est. taxes (1.4%)
- $18,886/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Private Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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Market trends, Captiva
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $101,000 (7%) from the original list price.
| Jun 7, 2026 | Price reducedfrom $1,425,000 | $1,349,000 |
| Jan 4, 2026 | Listed | $1,450,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- Built 1986 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$13,000/yr)
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Similar homes nearby
Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.